Avangrid's Stellar Cybersecurity Milestone Sets New Standard

Avangrid Achieves High Cybersecurity Score

Avangrid, Inc. (NYSE: AGR), a prominent player in the sustainable energy sector, has recently attained a remarkable cybersecurity score of 98 from SecurityScorecard. This score not only highlights the company's robust security posture but also reflects its proactive approach to safeguarding its infrastructure, customers, and employees in an era where cyber threats are increasingly sophisticated.

Industry Standards and Performance

With an industry average score of 86, Avangrid's achievement significantly surpasses its peers. This score demonstrates excellence in critical areas such as network and application security, which are essential in today's digital landscape. Avangrid's commitment to a comprehensive security strategy positions it as a leader in the energy sector, especially amidst escalating concerns over cybersecurity vulnerabilities.

CEO Insights on Cybersecurity Commitment

Pedro Azagra, the CEO of Avangrid, expressed pride in the substantial efforts of their security teams. "Maintaining high standards in cybersecurity has become paramount in ensuring the reliability of the energy we provide to customers," he remarked. His emphasis on the importance of digital safety illustrates Avangrid's dedication towards not just meeting but exceeding industry expectations.

Understanding Evolving Cyber Threats

A recent report by SecurityScorecard and KPMG has illuminated the pressing need for enhanced security measures within the energy industry. Notably, third-party breaches have emerged as the greatest threat, particularly those coming from sectors external to energy, such as software and IT services. This revelation underscores the necessity for energy companies like Avangrid to continuously evolve their cybersecurity strategies as they adapt to new risks associated with the increasing interconnectedness of the energy grid.

Proactive Measures and Strategic Investments

To counter these constant cyber threats, Avangrid has implemented a multi-layered approach to risk management. This strategy is indispensable for its Networks companies, which include several well-known utilities operating across diverse regions. By proactively assessing and managing risks, Avangrid enhances the confidentiality, integrity, and availability of its critical digital assets.

Addressing Cybersecurity Challenges

Brian Harrell, Avangrid's Vice President & Chief Security Officer, pointed out that the landscape of cyber threats is ever-evolving. He stated that as adversaries enhance their tactics, Avangrid will remain vigilant and responsive, continually investing in advanced security technologies to protect both its infrastructure and customer data.

About Avangrid and Its Commitment to Sustainability

Avangrid's corporate vision extends beyond cybersecurity. The company aims to be the frontrunner in sustainable energy solutions within the United States, supporting a greener future through innovation and responsible practices. With operations spanning 24 states and a diverse workforce of approximately 8,000 employees, Avangrid remains steadfast in its mission to deliver safe, reliable, and affordable energy.

Recognized by JUST Capital for its corporate citizenship, Avangrid has consistently ranked among the top companies due to its commitment to ethical practices and sustainable development goals. Its recognition as one of the World’s Most Ethical Companies serves as a testament to its dedication to both its customers and the environment.

Conclusion

In conclusion, Avangrid’s exceptional cybersecurity performance exemplifies its dedication to operational excellence. As the energy sector continues to navigate complex challenges in security and sustainability, Avangrid stands prepared to lead with resilience, enabling safe and reliable energy solutions for generations to come.

Frequently Asked Questions

What cybersecurity score did Avangrid achieve?

Avangrid achieved an impressive cybersecurity score of 98 from SecurityScorecard, significantly above the industry average.

How does Avangrid ensure cybersecurity?

Avangrid employs a multi-layered security management approach that includes assessing, identifying, and managing risks associated with its digital infrastructure.

Why is cybersecurity important for Avangrid?

Cybersecurity is critical for Avangrid to protect its infrastructure, ensure customer safety, and maintain reliable energy services in an increasingly digital landscape.

Who is Avangrid's CEO?

Pedro Azagra serves as the CEO of Avangrid, highlighting the company's commitment to cybersecurity and operational excellence.

What are Avangrid’s primary business sectors?

Avangrid operates in two main sectors: networks, which include electric and natural gas utilities, and renewables, focusing on sustainable energy generation.

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